R&D Data Center to Be Established on Yangjae KCTC Site

Seoul City Holds Urban Architecture Joint Committee Subcommittee Meeting and Approves Detailed Development Plan

Location map of Yangjae KCTC site. (Provided by Seoul City)

[Asia Economy Reporter Kim Hyemin] A nine-story research and development (R&D) data center will be established in 2023 on the KCTC site at 224 Yangjae-dong, Seocho-gu, Seoul.

On the 29th, the Seoul Metropolitan Government held the 3rd Urban Architecture Joint Committee Delegated Subcommittee and announced on the 30th that it had amended and approved the designation of the Yangjae Residential Site Special Planning Zone and the detailed development plan decision reflecting this content.

Accordingly, the site (9,782.6㎡) will be released from the existing urban planning facility (distribution business facility) and managed as a special planning zone. Additionally, the detailed development plan was decided to allow a complex building including an R&D data center and office facilities with a floor area ratio of 399%, ranging from four basement floors to nine above-ground floors.

Besides the data center, research spaces (3,701㎡) supplied at 80% of market price according to Seoul city guidelines and a separate office space (6,196㎡) with five above-ground floors secured as a public contribution due to facility release will be utilized for R&D company leasing and R&D ecosystem operation.

This decision follows Seoul’s plan to develop the Yangjae and Umyeon areas as an R&D innovation hub in preparation for the Fourth Industrial Revolution era, based on the Yangjae Tech+City Development Plan announced in August 2016 and the Yangjae R&D guidelines created at that time. The change in the district unit plan was promoted in response to these R&D policies and residents’ proposals.

A Seoul city official stated, "The functional conversion of privately owned distribution business facility land to R&D use according to the city’s Yangjae R&D guidelines is the first case for the KCTC site," adding, "It is expected to invigorate the R&D conversion development of adjacent private sites and revitalize the local economy."

This development is planned to proceed with building permits and aims for completion in 2023.

This content was produced with the assistance of AI translation services.